Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store? Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them of its presence over the past week. As a recovery in mining continues, everyone …
Continue reading “Fed takes on stablecoins: 5 things to watch in Bitcoin this week”
A popular on-chain analyst believes that a Bitcoin rally is in the cards as the leading cryptocurrency faces the possibility of a supply squeeze. Will Clemente says that a Bitcoin supply shock could ignite a significant BTC rise. ADVERTISEMENT “Hang in there guys. This thing is going to pop soon. Supply shock still in play …
Continue reading “Bitcoin Rally Incoming, According to On-Chain Analyst Will Clemente – Here’s Why”
Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB. On July 18, Binance reported that it had destroyed 1,296,728 BNB tokens valued at just under $400 million at the time. The exchange noted an additional 5,163 BNB that were destroyed through its Pioneer Burn …
This year’s Taobao Maker Festival — an annual event celebrating Chinese art and entrepreneurship hosted by the Alibaba-owned e-commerce platform Taobao — will showcase nonfungible tokens (NFTs) for the first time. This year’s event will see decentralized application platform Near Protocol team up with blockchain gaming firm Web3Games and Chinese artist Huang Heshan to sell …
Continue reading “Chinese artist showcases NFT real estate at Alibaba-sponsored innovation festival”
Trading volume for Dogecoin increased by more than 13 times during the second quarter for 2021, nearly tagging $1 billion daily. According to data compiled by Coinbase and reported by Business Insider, Dogecoin trading volumes soared 1,250% between April and June, with $995 million worth of DOGE changing hands daily on average during the quarter. …
Continue reading “Daily Dogecoin volume soared to nearly $1B during Q2”
Ethereum co-founder, Anthony Di Iorio, has announced his intention to exit the crypto industry, expressing concerns over his personal safety. According to a July 17 report from Bloomberg, Di Iorio is looking to sell his digital asset firm Decentral and sever ties with all other crypto projects he is currently involved with, stating that he …
Continue reading “High-profile Ethereum co-founder quits crypto over safety concerns”
Prominent on-chain analyst Willy Woo says that a particular investor cohort is the driving force behind Bitcoin (BTC) bull markets. Woo claims that small holders, or entities that own less than one BTC, continue to stack Bitcoin as they outpace the selling of large entities or whales. ADVERTISEMENT “Chart: Weekly net flows to small …
Bitcoin (BTC) bulls have successfully defended the $30,000 level in the past few days but the failure to achieve a strong rebound has some traders worried that the price will eventually dip to new lows. In a series of tweets, Ecoinometrics said that the current correction “looks very similar to 2013” when Bitcoin took 197 …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, MATIC, THETA, CRO, LEO”
The Federal Reserve’s ongoing research into central bank digital currencies, or CBDCs, has broadened to include stablecoins and whether they can be effectively regulated. In their paper, which was published in SSRN’s eLibrary on July 17, Gorton and Zhang argue that “privately produced monies” such as stablecoins are “not an effective medium of exchange because …
Continue reading “Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins”
Anthony Di Iorio, co-founder of Ethereum and crypto entrepreneur, says he’s quitting crypto. In a new report from Bloomberg, Di Iorio says that he’s leaving crypto behind, partially due to “safety concerns.” ADVERTISEMENT Di Iorio is the CEO and co-founder of Canadian blockchain company Decentral, which created Jaxx, one of the most popular crypto …
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Top crypto analyst Benjamin Cowen is outlining why he believes scalable blockchain platform Cardano (ADA) is performing well amid a broader corrective period in the crypto markets. In a new video, Cowen reasons that the fifth-largest asset by market cap is trending well because its platform is easy to use and to validate. Cardano’s validators …
The mayor of Jackson, Tennessee sees Bitcoin (BTC) as a tool that can address the declining value of the US dollar. Mayor Scott Conger says that he’s gravely concerned about the rapid rise of inflation in the country as he offers a way out of the US dollar’s deteriorating value. ADVERTISEMENT “Why do we accept …
Bitcoin (BTC) was on track to lose nearly $3,000 this week as a weekend of mixed price behavior came to an end. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader hopes for last-minute BTC price volatility Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at just above $31,500 late Sunday — a potential -$2,800 …
Continue reading “$31.5K Bitcoin price on track for lowest weekly close of 2021”
Guggenheim Partners founder Scott Minerd is offering a bleak short-term outlook on Bitcoin’s price action. Minerd says that he sees a breakdown in Bitcoin’s price, considering that BTC has tapped its immediate support multiple times. ADVERTISEMENT “A technician’s rule to remember with Bitcoin: ‘Every time a support level is tested it becomes weaker.’ That …
Continue reading “Guggenheim’s Scott Minerd Weighs In on State of Bitcoin As BTC Approaches $30,000”
Crypto analytics firm Santiment says deep-pocketed investors are accumulating Bitcoin amid the sustained downturn in the markets. Santiment says that a certain cohort of BTC investors has been growing in population since the crypto market crash in May. ADVERTISEMENT “Bitcoin may have dropped to [$31,000] Thursday, but the BTC ‘millionaire tier’ of addresses holding between …
